SAND Stock Analysis: Sandvik | ST
Specialty Industrial Machinery | ST, Sweden | Market Cap: 501.629m SEK | 12M Return: 87.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 646M
EPS Trend: -49.1%
Qual. Beats: -1
Rev. Trend: -82.0%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Sandvik AB is a Sweden-based engineering company that supplies products and solutions across three core areas: mining and rock excavation, metal cutting, and materials technology. Its offerings include drill rigs, loaders, and mining automation equipment; cutting tools and tooling systems; and metal powders, tungsten products, and related recycling services. The company sells to a broad range of end markets, including aerospace, automotive, mining, general engineering, and infrastructure, and is headquartered in Stockholm.
Sandvik operates a B2B industrial machinery and components model, with revenue exposure linked to both mining capital expenditure cycles and global manufacturing activity. Its materials technology segment provides a foothold in newer applications such as additive manufacturing, complementing the more cyclical heavy-equipment and tooling lines.
- Mining capex cycle drives rock solutions segment orders
- Manufacturing downturn pressures metal cutting tools revenue
- Tungsten price volatility impacts materials technology margins
| Net Income: 14.8b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.66 > 1.0 |
| NWC/Revenue: 31.62% < 20% (prev 26.77%; Δ 4.85% < -1%) |
| CFO/TA 0.12 > 3% & CFO 22.7b > Net Income 14.8b |
| Net Debt (38.9b) to EBITDA (28.9b): 1.35 < 3 |
| Current Ratio: 1.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.26b) vs 12m ago -0.06% < -2% |
| Gross Margin: 40.07% > 18% (prev 41.08%; Δ -1.01% > 0.5%) |
| Asset Turnover: 68.25% > 50% (prev 70.20%; Δ -1.95% > 0%) |
| Interest Coverage Ratio: 11.38 > 6 (EBIT TTM 21.5b / Interest Expense TTM 1.89b) |
| A: 0.21 (Total Current Assets 78.9b - Total Current Liabilities 40.3b) / Total Assets 182b |
| B: 0.44 (Retained Earnings 80.3b / Total Assets 182b) |
| C: 0.12 (EBIT TTM 21.5b / Avg Total Assets 179b) |
| D: 1.22 (Book Value of Equity 100b / Total Liabilities 81.9b) |
| Altman-Z'' = 4.92 = AAA |
| DSRI: 1.04 (Receivables 33.9b/32.8b, Revenue 122b/123b) |
| GMI: 1.03 (GM 41.08% / 40.07%) |
| AQI: 0.97 (AQ_t 0.41 / AQ_t-1 0.43) |
| SGI: 0.99 (Revenue 122b / 123b) |
| TATA: -0.04 (NI 14.8b - CFO 22.7b) / TA 182b) |
| Beneish M = -3.00 (Cap -4..+1) = A |
As of July 05, 2026, the stock is trading at SEK 411.80 with a total of 1,691,135 shares traded. Over the past week, the price has changed by +6.77%, over one month by +8.23%, over three months by +13.03% and over the past year by +87.43%.
Current recommended Stop Loss: 396.20 (which is 3.8% or 1.4 ATR below the current price).
Sandvik has no consensus analysts rating.
P/E Trailing = 33.8611
P/E Forward = 25.3165
P/S = 4.0654
P/B = 5.0025
P/EG = 2.8158
Revenue TTM = 122b SEK
EBIT TTM = 21.5b SEK
EBITDA TTM = 28.9b SEK
Long Term Debt = 27.7b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 5.17b SEK (from shortTermDebt, last quarter)
Debt = 47.1b SEK (from shortLongTermDebtTotal, last quarter) + Leases 5.65b
Net Debt = 38.9b SEK (calculated: Debt 47.1b - CCE 8.23b)
Enterprise Value = 541b SEK (502b + Debt 47.1b - CCE 8.23b)
Interest Coverage Ratio = 11.38 (Ebit TTM 21.5b / Interest Expense TTM 1.89b)
EV/FCF = 28.43x (Enterprise Value 541b / FCF TTM 19.0b)
FCF Yield = 3.52% (FCF TTM 19.0b / Enterprise Value 541b)
FCF Margin = 15.57% (FCF TTM 19.0b / Revenue TTM 122b)
Net Margin = 12.15% (Net Income TTM 14.8b / Revenue TTM 122b)
Gross Margin = 40.07% ((Revenue TTM 122b - Cost of Revenue TTM 73.2b) / Revenue TTM)
Gross Margin QoQ = 40.22% (prev 39.77%)
Tobins Q-Ratio = 2.97 (Enterprise Value 541b / Total Assets 182b)
Interest Expense / Debt = 4.02% (Interest Expense 1.89b / Debt 47.1b)
Taxrate = 24.49% (4.81b / 19.6b)
NOPAT = 16.3b (EBIT 21.5b * (1 - 24.49%))
Current Ratio = 1.96 (Total Current Assets 78.9b / Total Current Liabilities 40.3b)
Debt / Equity = 0.47 (Debt 47.1b / totalStockholderEquity, last quarter 100b)
Debt / EBITDA = 1.35 (Net Debt 38.9b / EBITDA 28.9b)
Debt / FCF = 2.05 (Net Debt 38.9b / FCF TTM 19.0b)
Total Stockholder Equity = 93.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.29% (Net Income 14.8b / Total Assets 182b)
RoE = 15.95% (Net Income TTM 14.8b / Total Stockholder Equity 93.0b)
RoCE = 17.85% (EBIT 21.5b / Capital Employed (Equity 93.0b + L.T.Debt 27.7b))
RoIC = 11.53% (NOPAT 16.3b / Invested Capital 141b)
WACC = 8.53% (E(502b)/V(549b) * Re(9.05%) + D(47.1b)/V(549b) * Rd(4.02%) * (1-Tc(0.24)))
Discount Rate = 9.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -73.33 | Cagr: -0.04%
[DCF] Terminal Value 77.38% ; FCFF base≈16.9b ; Y1≈19.3b ; Y5≈28.4b
[DCF] Fair Price = 299.6 (EV 415b - Net Debt 38.9b = Equity 376b / Shares 1.25b; r=8.53% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -49.08 | EPS CAGR: -1.28% | SUE: -1.21 | # QB: -1
Revenue Correlation: -81.98 | Revenue CAGR: -1.38% | SUE: -1.44 | # QB: -1
EPS current Quarter (2026-06-30): EPS=4.66 | Chg30d=+1.97% | Revisions=-25% | Analysts=6
EPS next Quarter (2026-09-30): EPS=4.70 | Chg30d=+1.59% | Revisions=-25% | Analysts=6
EPS current Year (2026-12-31): EPS=16.88 | Chg30d=-0.52% | Revisions=+17% | GrowthEPS=+38.7% | GrowthRev=+16.0%
EPS next Year (2027-12-31): EPS=18.45 | Chg30d=+1.35% | Revisions=+29% | GrowthEPS=+9.3% | GrowthRev=+10.9%
[Analyst] Revisions Ratio: +8% (up=5, down=4)